Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / World News / $5.2 billion Panama Canal projects opens to the public
  • World

    $5.2 billion Panama Canal projects opens to the public

    Written by
    Sneha Johny
    Edited by
    Gaurav Jeyaraman
    Last updated on Jul 26, 2016, 04:59 pm
    $5.2 billion Panama Canal projects opens to the public
  • The 48-mile long Panama Canal expansion project opened to the public, with a Chinese container ship to be the first to move through the expanded canal.

    Opening after two years of delays due to strikes and labour disputes, it saw around 30,000 people attend the occasion.

    The new lock system for the canal will be able to accommodate three times more cargo than before.

  • In this article
    What is the Panama Canal? The Panama Canal history What is the Panama lock system? Expansion project undertaken for the Panama Canal Opening new markets for the Panama Canal $5.2 billion Panama Canal projects opens to the public Panama as the logistics center of America Chinese ship hits Panama Canal wall
  • Information

    What is the Panama Canal?

  • The Panama Canal was built in the early 1900s by the United States, by clearing the landlocked area between the Atlantic and the Pacific. Running for about 48 miles, the canal was constructed to help enable trade and transport through the waterway.

  • Panama Canal history

    The Panama Canal history

    The Panama Canal history
    Credits:
  • The Panama Canal construction was undertaken by the United States in 1904, and saw its completion in 1914, costing the US about $400 million.

    The Panama Canal is touted to be one of the seven wonders of the modern world.

    The canal zone remained under the United States up until 1999, when it was handed over to the Panamanian Government.

  • Lock system

    What is the Panama lock system?

    What is the Panama lock system?
  • The Panama Canal lock system is a system wherein it helps elevate the ship by about 85 feet to meet the level of the Panama Canal, and then lower it back again.

    One of the greatest engineering works after the US built it in 1914, the canal had two locks.

    An expansion project was undertaken recently to widen and increase the canal's capacity.

  • 01 Sep 2007

    Expansion project undertaken for the Panama Canal

    Expansion project undertaken for the Panama Canal
  • The Panama Canal expansion project began in September 2007, which targeted construction of a third lock for the waterway and doubling the canal's capacity.

    The canal's capacity was limited to carrying about 5000 containers, but the expanded one will be able to ferry around 14,000 containers.

    The canal controls an approximate 6 percent of the global maritime trade and transport volumes.

  • Information

    Opening new markets for the Panama Canal

  • The canal authorities hope the expansion of the Panama Canal will enable it to be better placed while competing for market with the Suez Canal in Egypt, and open access for shipping natural gas products along the United States and Asia.

  • 27 Jun 2016

    $5.2 billion Panama Canal projects opens to the public

    $5.2 billion Panama Canal projects opens to the public
  • The 48-mile long Panama Canal expansion project opened to the public, with a Chinese container ship to be the first to move through the expanded canal.

    Opening after two years of delays due to strikes and labour disputes, it saw around 30,000 people attend the occasion.

    The new lock system for the canal will be able to accommodate three times more cargo than before.

  • Quote

    Panama as the logistics center of America

  • "This new transit route is the tip of the iceberg inmaking Panama once again the logistics center of the Americas," canaladministrator Jorge Luis Quijano said."It represents a significantopportunity for the countries of the region to improve their infrastructure, increase their exports."

  • 26 Jul 2016

    Chinese ship hits Panama Canal wall

    Chinese ship hits Panama Canal wall
  • A Chinese tanker collided with the wall of the Panama Canal, sparking concerns that the newly renovated project may not have adequate space for manoeuvring ships.

    This is the third accident since the new project opened to the public a month ago.

    The other two incidents were minor, with one of them blamed on a steering error by the ship's personnel.

Latest News
  • Coronavirus: India's tally reaches 11.06 million with 15K+ new cases
    Coronavirus: India's tally reaches 11.06 million with 15K+ new cases
    India
  • 'Deadpool 3' the only R-rated movie being made: Kevin Feige
    'Deadpool 3' the only R-rated movie being made: Kevin Feige
    Entertainment
  • 2021 Royal Enfield Interceptor, Continental GT 650's color variants revealed
    2021 Royal Enfield Interceptor, Continental GT 650's color variants revealed
    Auto
  • NewsBytes Briefing: Investigation uncovers Facebook's pro ISIS move, and more
    NewsBytes Briefing: Investigation uncovers Facebook's pro ISIS move, and more
    Science
  • 'PUBG: New State' announced for iOS, Android; Unavailable in India
    'PUBG: New State' announced for iOS, Android; Unavailable in India
    Science
Trending Topics
Joe Biden Coronavirus
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love World news?

Subscribe to stay updated.

World Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News Narendra Modi Facebook YouTube Hollywood News WhatsApp Bollywood News ISRO Rahul Gandhi Yoga
Honda Batman Football News BMW Vaccine Reliance Jio OPPO Amazon Food News, Healthy Recipes Royal Challengers Bangalore
Toyota Fashion Tips Farmers Protest Mercedes Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics
Avengers Neha Kakkar Premier League Big Bang Theory
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021